Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDU) Short Interest Up 108.8% in July

Direxion Daily Mid Cap Bull 3X Shares (NYSEARCA:MIDUGet Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 21,034 shares, an increase of 108.8% from the July 15th total of 10,073 shares. Based on an average daily volume of 12,964 shares, the short-interest ratio is presently 1.6 days. Currently, 2.1% of the company’s stock are short sold.

Direxion Daily Mid Cap Bull 3X Shares Stock Up 0.9%

Shares of NYSEARCA MIDU traded up $0.67 during trading hours on Friday, hitting $77.85. The company had a trading volume of 14,543 shares, compared to its average volume of 32,786. The stock has a market capitalization of $77.85 million, a P/E ratio of 18.98 and a beta of 3.04. Direxion Daily Mid Cap Bull 3X Shares has a 1-year low of $42.74 and a 1-year high of $77.88. The firm’s 50 day moving average is $71.30 and its 200-day moving average is $64.38.

Institutional Trading of Direxion Daily Mid Cap Bull 3X Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new position in shares of Direxion Daily Mid Cap Bull 3X Shares during the 1st quarter worth about $325,000. Jane Street Group LLC raised its stake in Direxion Daily Mid Cap Bull 3X Shares by 6.3% in the fourth quarter. Jane Street Group LLC now owns 7,640 shares of the company’s stock valued at $388,000 after buying an additional 453 shares during the period. Tucker Asset Management LLC bought a new stake in Direxion Daily Mid Cap Bull 3X Shares in the fourth quarter valued at approximately $36,000. Farther Finance Advisors LLC raised its stake in Direxion Daily Mid Cap Bull 3X Shares by 408.7% in the fourth quarter. Farther Finance Advisors LLC now owns 524 shares of the company’s stock valued at $27,000 after buying an additional 421 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Mid Cap Bull 3X Shares in the third quarter valued at approximately $1,585,000.

Direxion Daily Mid Cap Bull 3X Shares Company Profile

(Get Free Report)

The Direxion Daily Mid Cap Bull 3X Shares (MIDU) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund provides 3x leveraged exposure to a market cap-weighted index of US mid-cap companies. MIDU was launched on Jan 8, 2009 and is managed by Direxion.

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